Funding arb · Price arb /

ONDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against MEXC−0.010%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ONDO_USDT	0.4363	0.0100	pay 0.0050% / 4h	3h 17m	$43.2M	$42.0M	200x
Short	Paradex ONDO-USD-PERP	0.4363	0.0100	get 0.0100% / 8h	3h 17m	$6K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee ParadexbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0.04
Price spread: −0.010% → 0.000%: −$0.99
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.95
Costs to cover: 0.040%
Break-even: 818.5 days

Slippage unknown: MEXC: live order book, 1 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	1.15 bp	3.4 bp −$3	6.8 bp −$68	19.6 bp −$1,965	99.0 bp −$49.5K
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ONDO on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ONDOUSD	−0.0161%	1h	0.4356	−0.155%	$2.6M	$7.7M	50x	as long as short
gTrade (Gains Network) ONDO/USD	L +0.0003% / S −0.0011%	1h	0.4355	−0.181%	$7K	—	150x	as long as short
Injective ONDO/USDC PERP	+0.0033%	1h	0.4568	+4.699%	$888	$216K	5.5x	as long as short
Lighter ONDO	+0.0096%	1h	0.4367	+0.096%	$1.1M	$2.4M	10x	as long as short
Orderly PERP_ONDO_USDC	+0.0100%	4h	0.4356	−0.160%	$23K	$6K	10x	as long as short
Nado ONDO-PERP	+0.0100%	1h	0.4355	−0.172%	$359K	$840K	10x	as long as short
Binance ONDOUSDT	+0.0100%	4h	0.4361	−0.046%	$62.9M	$230.9M	75x	as long as short
Bybit ONDOUSDT	+0.0100%	4h	0.4357	−0.138%	$67.7M	$124.6M	50x	as long as short
OKX ONDO-USDT-SWAP	+0.0100%	4h	0.4359	−0.092%	$17.1M	$72.3M	50x	as long as short
Ondo Perps ONDO-USD.P	+0.0100%	1h	0.4345	−0.419%	$72K	$83K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx ONDO/USDC	+0.0100%	1h	0.4359	−0.091%	—	—	5x	as long as short
Gate ONDO_USDT	+0.0100%	4h	0.4361	−0.046%	$11.8M	$16.2M	50x	as long as short
MEXC ONDO_USDTlong	+0.0100%	4h	0.4363	long leg	$43.2M	$42.0M	200x
KuCoin ONDOUSDTM	+0.0100%	4h	0.4364	+0.023%	$12.7M	$10.5M	50x	as long as short
Bitget ONDOUSDT	+0.0100%	4h	0.4360	−0.069%	$24.9M	$39.6M	50x	as long as short
BingX ONDO-USDT	+0.0100%	4h	0.4360	−0.069%	—	$21.9M	—	as long as short
Backpack ONDO_USDC_PERP	+0.0100%	1h	0.4361	−0.055%	$184K	$978K	15x	as long as short
Variational Omni ONDO	+0.0100%	4h	0.4352	−0.258%	$702K	$1.7M	—	as long as short
edgeX ONDOUSDC	+0.0100%	4h	0.4357	−0.143%	$4K	$316K	20x	as long as short
GRVT ONDO_USDT_Perp	+0.0100%	4h	0.4353	−0.230%	$403K	$1.2M	10x	as long as short
ApeX Omni ONDOUSDT	+0.0100%	1h	0.4349	−0.321%	$134K	$354K	50x	as long as short
Polymarket Perps ONDO-USD	+0.0100%	1h	0.4358	−0.126%	$66K	$1.4M	10x	as long as short
SunX ONDO-USDT	+0.0100%	4h	0.4353	−0.229%	—	$1.4M	20x	as long as short
SoDEX ONDO-USD	+0.0100%	1h	0.4359	−0.092%	$453	$13K	10x	as long as short
HTX ONDO-USDT	+0.0100%	4h	0.4358	−0.115%	$129K	$423K	50x	as long as short
Phemex ONDOUSDT	+0.0100%	4h	0.4358	−0.115%	$4.2M	$8.0M	50x	as long as short
Paradex ONDO-USD-PERPshort	+0.0100%	8h	0.4363	−0.010%	$6K	—	10x
Extended ONDO-USD	+0.0104%	1h	0.4357	−0.131%	$393K	$796K	25x	as long as short
Aevo ONDO-PERP	+0.0104%	1h	0.4360	−0.066%	$38K	$13K	3x	as long as short
01 Exchange ONDOUSD	+0.0168%	1h	0.4362	−0.016%	$359	$2K	10x	as long as short
Hyperliquid ONDO	+0.0187%	1h	0.4368	+0.103%	$37.5M	$24.4M	10x	as long as short
Aster ONDOUSDT	+0.0198%	4h	0.4362	−0.023%	$788K	$2.6M	20x	as long as short
Coinbase International ONDO-PERP-INTX	+0.0272%	1h	0.4362	−0.023%	$246K	$724K	50x	as long as short
Phoenix ONDO	+0.0327%	1h	0.4361	−0.048%	$35K	$218K	10x	as long as short
BloFin ONDO-USDT	+0.0340%	4h	0.4353	−0.229%	$3.1M	$3.0M	75x	as long as short
Deribit ONDO_USDC-PERPETUAL	+0.0439%	1h	0.4360	−0.069%	$18K	$362K	25x	as long as short
GMX ONDO/USD [ETH-USDC]	L +0.0555% / S −0.0193%	1h	0.4355	−0.173%	$484K	—	100x	as long as short
dYdX ONDO-USD	+0.0669%	1h	0.4362	−0.027%	$247K	$129K	5x	as long as short
Reya ONDORUSDPERP	+0.1154%	1h	0.4356	−0.149%	$2K	—	20x	as long as short